How to Buy Hudbay Minerals Stock
Hudbay Minerals Inc
Hudbay Minerals is a copper company located in Ontario, Canada, which is part of the Basic Materials sector, and is traded under the ticker HBM on the NYSE exchange.
Hudbay Minerals stock last closed at $10.27, up 6.31% from the previous day, and has increased 111.75% in one year. It has overperformed other stocks in the Copper industry by 0.55 percentage points. Hudbay Minerals stock is currently +160.66% from its 52-week low of $3.94, and -0.19% from its 52-week high of $10.29.
At the moment, there are 350.73M HBM shares outstanding. The market cap of HBM is $3.60B. In the past 24 hours, 5.04M HBM shares were traded.
How to Buy Hudbay Minerals Stock
Wondering how to invest in Hudbay Minerals stock? Here's how.
- Decide where to buy Hudbay Minerals stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Hudbay Minerals stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Choose your method of payment and add your info.
- Research Hudbay Minerals stock: The Hudbay Minerals ticker symbol is HBM. Is Hudbay Minerals stock a good investment? Should you buy shares of HBM? How do HBM's underlying business fundamentals look? Do top analysts think Hudbay Minerals is a good buy? Why has HBM's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if HBM is a good stock to buy).
- Make your HBM purchase: Decide if you will purchase HBM shares at the current market price or use a limit order to purchase HBM stock at a given price.
- Get the latest news on your HBM investment: Create a watchlist to get the latest news on your position in Hudbay Minerals shares.
Step 1: Decide where to buy Hudbay Minerals stock
You need an online brokerage account to access the NYSE market and buy HBM stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal details so you can invest in HBM today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start your new trading account.
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Step 3: Deposit funds into your investment account
Now that you've filled out your info on the best free stock trading app, your next step is to transfer the money for your investment:
Watch the walkthrough below for more details transferring funds into your new investment account.
Step 4: Research Hudbay Minerals stock
Once you have figured out the best place to buy Hudbay Minerals stock, it's critical to research their stock before you buy, so you actually wrap your head around the risk and opportunity.
Hudbay Minerals stock at a glance
HBM Due Diligence Checks
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on HBM's stock page.
Is HBM stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge HBM's true value.
Using relative valuations measures:
- HBM could be overvalued based on its P/E ratio of 44.65x, relative to Copper industry P/E ratio of 43.38x
- HBM could be undervalued based on its P/B ratio of 1.71x, relative to Copper industry P/B ratio of 6.52x
- HBM may be overvalued based on its PEG ratio of 4.41x
You can do more valuation research on HBM's stock here.
Is HBM a healthy company?
Positive Health Checks:
- HBM profit margin has gone up from 0.9% to 4.1% in the past year.
- HBM's operating cash flow of $545.25M allows it to safely service it's debt of $1.47B.
- There are more short-term assets than short-term liabilities on the HBM balance sheet.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the HBM balance sheet.
- HBM has a relatively high debt to equity ratio of 1.48.
- Total HBM debt is higher than 5 years ago, relative to shareholder equity.
- HBM earnings of $277.38M is not enough to cover its interest payments.
Is it a good time to buy HBM stock, according to Wall Street analysts?
Out of 3 sell side analysts who research HBM, the consensus analyst rating on Hudbay Minerals is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Hudbay Minerals stock forecast page.
HBM Momentum
HBM Performance Metrics
Last year, HBM earnings were $79.45M. In the past 5 year, HBM's earnings have grown by 13.9% per year. This was faster than the Copper industry average of 4.2%.
Last year, HBM revenue was $1.92B. Over the last five year, HBM's revenue has increased by 6.86% per year. This was faster than the Copper industry average of 6.67%.
Find out more about HBM's earnings and revenue performance here.
What are HBM insiders up to?
In the last year, executives and large shareholders at HBM have not bought or sold any shares.
Get more info about who owns HBM stock here.
Can I rely on HBM as an income stream?
Hudbay Minerals pays a dividend of 0.17%, compared to the Copper industry's average dividend yield of 1.16%. If you owned $1,000 of HBM stock, you would have received $1.69 last year.
Hudbay Minerals dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about Hudbay Minerals dividend yield and history here.
What others are saying about HBM
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Make your HBM purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.
Click the Open button and your broker will execute your order.
If you need additional assistance buying stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your HBM investment
Now that you own some HBM shares, you'll want to stay up-to-date on your new company.
Put HBM on a watchlist to see the latest developments about your HBM stock.
HBM Feed
How to Buy Stock in Hudbay Minerals
To summarize, here are the 6 steps to buy stock in Hudbay Minerals:
- Decide where to buy Hudbay Minerals stock
- Create a brokerage account
- Deposit funds into your investment account
- Research Hudbay Minerals stock
- Make your HBM purchase
- Get the latest news on your HBM investment
If you are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Hudbay Minerals, hit the button below to create your watchlist.
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